Top smallcap stocks having RSI in the oversold zone

Top smallcap stocks having RSI in the oversold zone

by 5paisa Research Team Last Updated: Apr 22, 2022, 12:39 PM IST

One of the most widely used momentum indicators by chartists is the Relative Strength Index. Stay tuned to find out top small-cap stocks with their RSI in the oversold zone.

On April 21, 2022, Nifty jumped up 1.49% to settle at 17,392. The surge in the Nifty 50 was for the second successive day which can be very well accredited to the positive global cues and lower selling from Foreign Institutional Investors (FII).

Yesterday, Nifty witnessed a gap-up opening which is nearing 17,457 levels whereas the index witnessed a gap-down on April 18, 2022, and now this gap seems to be filled. In the near-term 17,550 levels would act as a solid resistance, while on the move southwards, the 17,150 to 17,300 range is likely to provide good support.

While you screen stocks, there are various factors such as market cap, volumes, moving averages, etc, that you should consider. Similarly, the Relative Strength Index (RSI) which is a momentum indicator would definitely help you in screening stocks.

RSI is an indicator that helps you measure the magnitude of recent price changes to evaluate overbought or oversold situations. RSI is usually displayed as a line graph on a scale of 0 to 100 which moves between two extremes. It is believed that stocks with an RSI of 70 or above suggests overbought or overvalued condition and probably signals a trend reversal or correction. On the flip side, an RSI of 30 or below suggests an oversold or undervalued situation.

Here is the list of top five smallcap stocks with RSI in the oversold zone.

Top S&P BSE Small-Cap Index stocks with RSI in oversold zone 

Stocks 

Last Traded Price (Rs) 

Change (%) 

RSI 

INEOS Styrolution India Ltd. 

842.5 

-0.7 

29.3 

Birla Tyres Ltd

18.6 

-3.1 

29.5 

L&T Technology Services Ltd. 

4,230.0 

-0.3 

29.9 

Nazara Technologies Ltd. 

1,544.1 

-1.2 

30.5 

SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)
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SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)

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